Breaking: UAW Unhappy with Auto Loan Terms; Asking for Changes

The quality of the Big 3 in Detroit is not in question here folks. Its the UAW. Toyota and Nissan are doing so well due to the fact that they are non unionized companies. Get rid of the UAW and the unions and you will see costs cuts across the board, better quality, and lower prices for consumers. Why would consumers spend $40,000 on an American Truck when they can get the same equiped truck from a foriegn automaker for less? Do the math folks!

I have a 15 year old Toyota with nearly 200,000 miles on it and no major problems. I had a Big 3 truck with less miles and the engine died even with great maintenance. When the UAW gives up their pension like other industries I will consider a Big 3 auto. I have friends who lost their entire retirement when their companies went into Chapter 11 because their 401K was funded with sotck that became worthless. Let the UAW take their licks like the rest of us. No bailout, no bull!

IT SEEMS TO ME THAT THE BIG THREE ARE IN TROUBLE IN LARGE PART DUE TO ALL THE ''PATRIOTIC'' AMERICANS WHO BOUGHT ALL THOSE MILLIONS OF IMPORTS.

I think we should let the UAW write the bailout condition's. That will bring a quick end to the big three and save us, the tax payers, from a auto wellfare syastem.

I also forgot to say how in the world did this bailout all of a sudden become the union workers fault? we don't make millions of dollars nor do we drive our vehicles for free like the ceo's and managers do!!!!!!!

I can't seem to understand all of the sorry and negative comments! Did you guys forget about the aig's bailouts that took their ceo's to flordia for a big party off of YOUR monies! I guess that's ok, but in the long run when they (REPUBLICANS) start sending all jobs overseas including yours and you start working two jobs in which most people in the southern states do (ms,ala,etc) working at walmart, nissan for minimum wages no health care and can't buy medicine that they need and the employer taps you on your shoulder one day and say hey we don't need you anymore, then MAYBE you guys will understand what a union is all about!!! not just wages but health care and a retirement to look forward to. Now days if you're making min. wage you can't afford to save money or buy health care insurance. Those days are over !!! so get use to it and find you a job that has a union to look out for you!!!!!

This is unbelievable! These guys are doomed to failure. You would think that they would have some sense of thankfulness, but not these guys!

Are the white collar people going to take a cut in pay and what is the ratio of white collar to blue collar workers? If you don't cut both sides you might as well pull the plug on this show,because the animosity would kill it anyway!

The UAW would be best served by dumping this intellecutally challenged leader, Gettelfinger, who sounds like he works in a wrecking yard rather than a leader of a group. He is an idiot. Worse yet, Gettelfinger read all the posts on any topic involving this bailout or the UAW, no one supports your idiotic positions. Take a large dose of reality you have drained too much blood out of the big three, time to give some of their life blood back so they can survive.

We need to change tactics here. We are complaining about the UAW -- Granted they are much to blame; but CONGRESS and our GOVERNMENT APPROVED the money!! Hope you people don't continue to have short term memories and remember this sour taste in your mouth that this and all the other bailouts have caused; especially when you see next years deficit that you are responsible to pay through your TAXES! Mid term elections are now less than 2 years away! Let our representatives learn the lesson of betrayal of our trust and VOTE the THUGS OUT!!

I started to make a comment, however I cannot improve on what has already been said. I think Fox news should bundle up all these comments and send to the UAW, management of GM, Ford, and Chrysler, and congress and the President and President elect and say this is what a lot of the country think of your taxpayer giveaways and your socialist moves. We are I think still a country based on competition and capitalism and I would like to keep it that way.

I guess we have to accept this as taxpayers. The only way we will be able to tell how well this works is when the Q1 reports come out and the foreign automakers do FAR better than the Big Three. People - The ONLY way to send a message to Congress, the Big Three, and especially the UAW is to BUY FOREIGN. Take a lesson from those &%#&^ hippies and BOYCOTT the UAW automakers!!

How in the world did management and the shareholders allow the UAW to get so powerful? How is it possible that management, guys making millions, couldn't figure it out that they were going broke? GM owes nearly $50 billion! Who were/are the idiots making loans to this company or buying their corporate paper? Why is it that when you buy Honda, Toyota or BMW your car holds a decent resale value? Buy a Jeep for $25k and in one year its worth $10k? These companies pay too much to people that are not very sharp. The good news is that on March 31st its chapter 11 baby, because these car companies won't get it until they officially take BK.

Why won't the government give my poor little business some of that $700 billion? Oh yeah, I don't make cars with computer aided robots. Tough job you guys have. Try following me around for a day. YOU COULD NOT HANDLE IT!!!!

I oppose bailing out the BIG 3 for the following reasons. Most of their electronics are foreign made.... A good portion of the steel they use is NOT made in the US. The Big 3 is shipping many of the engineering jobs used to design the vehicles to India and China. Almost 100% of all Robotics used by the Big-3 are Foreign made. Most of the software used to design the cars are made by foreign programmers not Americans!!! The stockholders of GM and Ford encompass all other the developed nations of the world. If we bail out GM, Ford, and Chrysler we are sending as much if not more of our monies to subcontractors and jobs throughout the world. It does not stay here. When GM finally says they have a competitive hybrid ready to sell.... it may be assembled in Mexico with parts from who knows where. So far NOT A WORD ABOUT NECESSARY RESTRUCTURING to make them globally competitive, and no word about opening up the union contracts. Since Ford, GM, and Chrysler could care less about me (and the American consumer) I could care less about them.

A bailout of the Big 3 is SOCIALIST. Why should I, and everyone else who make far less than $70 per hour, which is the compensation paid by the Big 3, have to pay for the salaries of union members who make far more than I do? If the Big 3 made cars that people wanted the Big 3 would not be in trouble! Why should I have to pay for executive bonuses and private jets when they made wrong decision after wrong decision? Today it is too late to say SORRY – they had decades to make things right! They have been building garbage for years and shoving it down the throats of the American consumer. I personally know of the manure the Big 3 produces. A few years ago I bought a new ford that broke down before 10,000 miles, two new transmissions had to be put in it, which cost me out of pocket money, as ford did not want to back their warrantee! One day I was traveling south on a highway when the brakes failed and I was in a horrible accident, yes failed with less than 10,000 miles and not a year. The ford zone representative told me to STICK it, they didn’t warrantee brakes on the cars/junk they build and that if I sued ford I would get as much money as the people who sued for the pinto years ago. Screw you ford, GM and Chrysler. Since than I bought a new Toyota, it now 2 years old and I put on 38,900 miles and not one problem -- unlike the garbage GM, ford, and chrysler make. Have you died in a ford lately? By the way how can you drive a ford when they keep breaking down?

Maybe some of the UAW leadership ought to come down and visit some of us who work at a dealership. The downturn for us started in 2006 and we've been in a constant restructuring mode to try to size to the market and the margins available. For instance, we have gone from 102 employees to 82 -- with reduced hours for hourly folks. Cut vacation benefits to one fully paid week per year. Frozen wage increases since 2006. Consolidated jobs with no increase in pay for additional responsibilities. Eliminated contributions to employee sponsored charities and events. Increased the employees' required contribution to their health plans. Instituted more frequent performance reviews to maintain acceptable levels performance on such items as customer satisfaction scores, sales, etc. in light of bad economy creating bad attitudes (short for our problems are not due to our customers). Trimmed Less A/C and heat in some areas of the building to cut on utility expenses. And these are just cuts made on personnel and don't even include those actions on assets such as inventories, plant and facilities, and other expenses such as advertizing. You want to know what "sacrifices" these UAW cats have made? How about dropping a demand for "threshold to threshold" pay where they would be paid from the moment they walked out of their houses to go to work and until they walked back in when they go home from work. Dropping demands is their sacrifice.

Congratulations, Big 3 and UAW! You have just conned the taxpayers out of $17.4 billion dollars in order to maintain your greedy lifestyles. It's perfectly fine for 3 million jobs to be lost in other sectors of the economy, as long as you sacred cows get to keep meandering your way through the streets. Up to this point I have owned only American cars, but my next vehicle will be a Toyota.

What ever happended to the point at which when no one bought a product they let a company die.I am from South Carolina, I dispise the whole idea of a labor union. By the way, does anyone remember when the US Govt let the entire Southern Textile industry collapse and put almost 800,000 workers on the bread lines. We managed then. I am against Govt control of free market economy. If I make a product that no one wants.....guess what I go out of business....

Message to the Autos: your customers are bailing you out, don't disrespect. Message to the government: you are stealing from your bosses, better think twice about twice and put down the wallet.

Any American taxpayer who buys a car from the "big 3" from here forward is twice a fool: once on the bailouts (present and future), and once on quality and reliability (they both stink). Boycott Detroit until we get our money back!

I'm a UAW member. The leadership has a choice, accept the offer or finf another job.

Chapter 11 is the only way these unions will deal with the realities of the situation. It'll never happen becuase Obama owes the presidency to them, their "get out the voter fraud efforts" and the union dues money they donated to his campaign.

The union is doing what technically it should do, which is get the best for its people. However I am not to sure that its the best thing to do in this economy. Im kinda with John L.

The wage should not be the issue. It is the on-going protection for the bad workers. Never ending protection for bad work, missing time, stealing, sleeping on the job, drinking on the job. All protected. Just never understood why the overwelming amount of very good workers allowed the union to protect the losers. That is the stuff that needs correcting. Not the wage. Fred